What I have often been asked by many number of forex traders?

The big question, however is, how many trading software actually deliver on these critical objectives? My answer therefore is that, not many of these automated products fulfill these objectives. This is not saying that with scam forex products flying round the websphere, there are no good ones out there. I assure you there are, but very few of them are as profitable as claimed.
However, out of the many automated forex software that I have used, the most profitable to date is PipMax! Expert Advisor developed by one PipYard inc. This software to say the least, has made money for me. Apart from its manual which in my opinion was not well put together, once I was able to set it up has given me the most consistent results so far. I heard this software was developed by one veteran and self taught forex Trader, Michael Miller , whose trading experience strongly reflect in the performance of PipMax! Expert Advisor.
One area where I found this software particularly invaluable is its risk management profile. Be informed that any software that has a risk/reward ratio of less than 1:1(e.g. 2:1 or 4:1) is not worth the keyboard on which it was written. By this I mean for every pip you gain, you risk 4 pips, this apparently is a potentially dangerous trade practices, it is a trade setup indicating a cataclysmic disaster waiting to happen.
PipMax! However differs from these other products by giving you at worst, a risk of 1 pip for every 2 pips you pocket. This clearly, is a professional money management practice, which protects your account as you watch your balance grow.
Please note that this article is not recommending purchase of any of the products mentioned in this write-up. The intention of the author of this article is highlight his experience using this products in order to guide the readers in making informed decisions in the purchase of profitable automated forex trading products.
For more in-depth and thorough review of automated trading systems that I have had different experience using, Please visit my blog at: http://www.rubysol.blogspot.com

Wall Street at Home - Astronomical

Tremendous Thursday recovery with big wins with Million Dollar Pips and good pick-ups by FX Retribution brings the latest demo tally to a whopping $3.9 mil in Astronomical Monopoly Money. This team of Forex robots, expert advisors or whatever you want to call it is up $1.2 mill this year alone. Keep in mind that I started this demo account with $5000 in August 2011. Astronomical Indeed !!

Million Dollar Pips 1.2.0 - Weekend Wrap-up

While the stock market was going up and down, Million Dollar Pips and FX Retribution went from $1.6 mil to $2.19 mil. Most of this was Million Dollar Pips today.Yesterday FX Retribution was up $8k and finished with -$1200.This shows me that if I baby sitted the markets yesterday I would have closed my one position on the EURGBP while it was going well. But since I left it up the the robot it lost.

This is a lesson for all traders.When do you step in or when do you leave it to the Expert Advisor?

Lastly December is usually a strange month in the Forex markets. Some people suggest using caution this month.Maybe not playing especially near the end of the month.Well MDP, Milliion Dollar Pips is up $214k in Monopoly Money is it first two days.

Million Dollar Pips 1.2.0 - Spoke too soon!

I recently reported that Million Dollar Pips 1.2.0 took a big hit last Friday. And I said it was better said that the USDJPY took the hit.Well Monday it was the EURUSD turn to lose. A record for of 36 losses in a row then eight straight wins.

How could it lose 36 in a row ? Million Dollar Pips uses a special reverse scalper indicator.So let's say the prices spike up, meaning a mini breakaway up.The indicator would place short orders in anticipation of the prices coming back to earth.This is how it makes its' money.But sometimes the prices do not reverse, they continue to go in its' direction.This is how it loses when the prices continue to go in one direction.

This made a slight dent in my Monopoly Money pile. Going from $913k down to $836k.

This is still my best expert advisor, EA, robot ever, but of course I would be worried if this was done on a live account.It should make up for these losses soon, I hope.